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    1657 Kostner Ave Chicago, IL 60639

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    For Sale
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    Class A industrial space; ideal distribution/flex use.

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,000-square-foot Class A industrial property, located at 1657 N Kostner Ave in Chicago, IL 60639, offers a versatile blend of distribution, flex, and warehouse space. The building boasts 35,000 square feet of net rentable area, spread across two stories, and features a recently completed (2024) renovation. The property is zoned M1-2 Commercial Service and includes ample parking with 200 spaces in a fenced lot. Loading and unloading are efficient with two loading docks and two dock-high doors. The high ceilings, ranging from 10 to 23 feet, provide ample vertical space for storage and operations. The building also includes newly updated office space. Electrical service is robust, featuring 800 amps, 3-phase 480/277 volt power. The property's convenient location on Kostner Avenue and North Avenue offers easy access to major transportation routes and is surrounded by established retail businesses including McDonald's, Menards, Aldi, and Burlington. This vacant property is available for a NNN lease and requires no credit rating from the tenant.

    Property Features for 1657 Kostner Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF
    Class
    A

    Building Details

    Year Renovated
    2024
    Stories
    2

    HighLights

    • Class A industrial building, 60,000 total square feet, 35,000 square feet net rentable.
    • Renovated in 2024.
    • Features 200 parking spaces in a fenced lot.
    • Includes newly updated office space.
    • Clear ceiling height ranging from 10' to 23'.
    • Two loading docks and two drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Custom Color 3D ... Corporate Office Elite Polished Concrete ... Flooring Contractor Accurate Metal Fabricating Manufacturer Garbage Collection Service ... Garbage Dump

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.735782
    Latitude
    41.9109258

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    FAQs

    What type of property is this?
    Distribution property - Class A industrial space; ideal distribution/flex use.
    Where is this distribution property located?
    The property is located at 1657 Kostner Ave Chicago, IL.
    What are key features of this property?
    This property features: Class A industrial building, 60,000 total square feet, 35,000 square feet net rentable.; Renovated in 2024.; Features 200 parking spaces in a fenced lot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1657 Kostner Ave Chicago, IL 60639
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